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Parkit Enterprise ( (TSE:PKT) ) has shared an announcement.
Parkit Enterprise Inc. reported strong Q2 2025 results, marked by the sale of six Winnipeg assets and a strategic investment in PROREIT, leading to significant financial gains. The company saw a 9% increase in same property NOI and a 52% growth in FFO, while also renewing leases at higher rates and signing new leases. Despite an impairment in parking assets, Parkit maintains a robust balance sheet and anticipates further revenue and FFO growth, reflecting its strategic portfolio management and risk mitigation efforts.
The most recent analyst rating on (TSE:PKT) stock is a Hold with a C$0.60 price target. To see the full list of analyst forecasts on Parkit Enterprise stock, see the TSE:PKT Stock Forecast page.
More about Parkit Enterprise
Parkit Enterprise Inc. operates in the real estate industry, focusing on investment properties and parking assets. The company is involved in acquiring, optimizing, and managing real estate assets to generate rental income and enhance property value.
Average Trading Volume: 136,635
Technical Sentiment Signal: Hold
Current Market Cap: C$124M
Learn more about PKT stock on TipRanks’ Stock Analysis page.